Just as the aftermath of the Terra crash in May triggered the downfall of some of the biggest crypto companies over the past six months, FTX’s unraveling may kick off a new wave of bankruptcy fi...
Tag: Bankruptcy
Crypto lender Ledn lays off chief commercial officer in latest industry job cuts
Crypto lender Ledn has laid off several employees amid the crypto crunch. “Several colleagues and myself were laid off at Ledn. This is my first time I got laid off,” Guido Pettinari...
Crypto Lending Platform BlockFi Files For Chapter 11 Bankruptcy
11 seconds ago | 2 mins read Defi News Several layoffs and withdrawal halt were witnessed on a regular basis post-FTX crash. More than 100,000 people are listed as creditors in the bankruptcy petition...
How the BlockFi bankruptcy, FTX collapse may affect your crypto taxes
It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankr...
Crypto Lending Firm BlockFi Files for Chapter 11 Bankruptcy, Citing FTX Collapse
Crypto lending platform BlockFi is officially filing for bankruptcy after weeks of rumors surrounding the firm’s connections to FTX. Today, BlockFi announced its voluntary Chapter 11 filing, naming th...
Crypto Lender BlockFi Filing for Bankruptcy
Alex Dovbnya Cryptocurrency lender BlockFi is latest domino to fall during ongoing cryptocurrency crisis Popular cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, according...
FTX making non-U.S. vendor payments, depositing salaries
FTX Trading and approximately 101 additional affiliated companies said most subsidiaries are resuming ordinary course payments of salaries to employees worldwide and ordinary course payments to certai...
BlockFi Files for Bankruptcy – Crypto Briefing
Key Takeaways BlockFi has filed for Chapter 11 bankruptcy protection and will attempt to restructure its operations. The firm owes money to more than 100,000 creditors and has liabilities between $1 b...
Crypto Lender BlockFi Files for Chapter 11 Bankruptcy
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. The FTX contagion has claimed...
FTX logos and promotional material still everywhere despite bankruptcy proceedings
Before its liquidity issues and bankruptcy filing in November, FTX was well known for its prolific stance on making sponsorship deals. Even with many in and out of the space now associating the exchan...
BlockFi Files For Bankruptcy, Liabilities Range From $1B to $10B
– Advertisement – BlockFi has officially filed for chapter 11 bankruptcy amid the contagion precipitated by the FTX implosion. Cryptocurrency lender and prominent exchange platform Block...
VP of AAX speaks out against handling of company bankruptcy decision
Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned. Hong Kong exchange AAX VP BEN said that he had resigned. A screenshot shows that AAX HR stated that the c...
Analysis of BlockFi’s Chapter 11 Bankruptcy Filing
November 28, 2022, 1:07PM EST • 1 min read Quick Take November 28, 2022 BlockFi files for Chapter 11 Bankruptcy Protection BlockFi estimates there will be funds left over to distribute to the more tha...
BlockFi Files for Bankruptcy Following FTX Crash
Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The ...
BlockFi Officially Files For Bankruptcy Amid FTX Contagion Effect
BlockFi Bankruptcy News: While the crypto market continues to face the wrath of the FTX collapse, yet another company is falling prey to the contagion. Crypto lender BlockFi will file for chapter 11 b...
BlockFi Bankruptcy In The Latest FTX Casualty
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’ – Bitcoin News
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital...
BlockFi files for bankruptcy, cites FTX collapse for its troubles
BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidia...
FTX Collapse: Bankman-Fried Will Receive Zero Dollars
On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, a hedge fund that also trades in cryptocurrencies, was a billionaire. He was one of the richest men in the...
Genesis Bankruptcy By EOY At 59%; Bitcoin Investors Pivot
A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG...
Blockfi becomes another victim of the FTX collpase with bankruptcy filing
The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. BlockFi said Nov. 28 that it filed for Chapter 11 bankruptcy protection in the...
BlockFi Files for Bankruptcy as FTX Contagion Spreads
However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that muc...
Crypto lender BlockFi files for bankruptcy protection
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection. According to the firm’s bankruptcy petition, BlockFi has claimed more than 100,000 creditors as well as between $1 bil...
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
A ‘false messiah’ captivated crypto, Jump’s Kariya says in FTX tweetstorm
Jump Crypto’s president Kanav Kariya says a “false messiah captivated an audience broader than ever before,” alluding to FTX’s disgraced ex-CEO Sam Bankman-Fried and speaking a...
FTX Collapse: Bankman-Fried May End Up in Jail, Says Mark Cuban
Since the fall of his crypto empire on November 11, almost everything has been said about Sam Bankman-Fried. His crypto bros called him “criminal.” They accused him of lying to the clients...
FTX Collapse: Billionaire Mark Cuban Gives Crypto a Dream Boost
The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspi...
U.S. DOJ yet to investigate SBF over FTX bankruptcy – crypto.news
A recent update has just emerged that the U.S. Department of Justice has failed to launch an investigation into the crash of the FTX exchange. Reasons unknown, the news will receive wild reactions fro...